Exxon in transition? Big Lose for Big Oil; Big Win for Clean Energy.

[JLW]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

 

[mudwhistle]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

Fuck Exxon.
Their gas is always too expensive.

 

[progressive hunter]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

 

[JLW]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares to elect new directors. Nothing more capitalistic than that.

 

[progressive hunter]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.

I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"

 

[Resnic]

It's all political theater. Will we have clean energy? Yes. Not in my lifetime though. People just don't get that electricity as we know it does not occur in nature, it has to be man made. We have to manufacture our energy and right now that doesn't come without a source for the enrgy. Solar and wind are good supplements but they can't even begin to handle even what a small city would need.

This is for public approval and investor approval. Oil isn't going anywhere anytime soon.

We will only have true clean energy we can figure out how to manipulate gravity, or figure out cold fusion taking it from a theory to working format on a large scale.

 

[whitehall]

Transition? Hold that thought lefties and relax. You might just overthrow the capitalistic dependence on oil yet. Study your Chinese lessons while you wait.

 

[Mac-7]

Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

The man-made climate change doomsday hoax is the danger to the economy

 

[JLW]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.

I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"

I thought you Repubs were for rugged capitalism?

Corporations have been subject to outside forces, such as from corporate raiders, or insider pressure, such as from derivative suits, for the past 40 years.

This action by certain Exxon investors to push for clean energy is just a different manifestation of the time honored tradition of investor activism.

It is capitalistic to the core.

 

[progressive hunter]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.

I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"

I thought you Relubs were for rugged capitalism?

Corporations have been subject to outside forces, such as from corporate raiders, or insider pressure, such as from derivative suits,for the past 40 years.

This action by certain Exxon investors to push for clean energy is just a different manifestation of the time honored tradition of investor activism.

It is capitalism to the core.

sorry but I'm not a republican,, but I am for free market capitalism,, not this crony system you and the repubes are pushing,,

and again,, your words prove it was force,,,

 

[JLW]

Transition? Hold that thought lefties and relax. You might just overthrow the capitalistic dependence on oil yet. Study your Chinese lessons while you wait.

Preparing for the future is what we should be doing, not shaking in our boots for fear of the future.

 

[ThunderKiss1965]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

Stunning defeat by electing a staggering 2 board members ? This is political theater and nothing else.

 

[Manonthestreet]

Turns out copper supply may be a limiter

 

[JLW]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

Stunning defeat by electing a staggering 2 board members ? This is political theater and nothing else.

Maybe, but it may also be the beginning of a new form of investor activism aimed at dealing with climate change and other environmental issues.

 

[progressive hunter]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

Stunning defeat by electing a staggering 2 board members ? This is political theater and nothing else.

Maybe, but it may also be the beginning of a new form of investor activism

activism is all about force,,,

 

[Blackrook]

I invite all leftists to stop putting gas in their car.

 

[surada]

“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”

Climate Activists Defeat Exxon in Push for Clean Energy (Published 2021)

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

www.nytimes.com

**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

looks to me like they were forced,, not seeing anything but fascism at work here,,

Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.

I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"

Big Oil has seen this coming for 2 decades.. That's why they invest so much in emmissions reduction research.. They are taking the long view preparing for the future... Its really that simple.. Our energy resouces will be diversified and its unlikely that oil will go away completely.

 

[whitehall]

Transition? Hold that thought lefties and relax. You might just overthrow the capitalistic dependence on oil yet. Study your Chinese lessons while you wait.

Preparing for the future is what we should be doing, not shaking in our boots for fear of the future.

Taking care of the present is what we should be doing while considering future agendas that may not be not proved scientifically. The Sun is the source of your success and woes, not the buffoons in Washington.

 

[White 6]

Turns out copper supply may be a limiter

Explain please. You lost me.

 

[Lakhota]

Royal Dutch Shell, Chevron and Exxon Mobil all take a big hits. It's about time.

Is This A Turning Point For Big Oil?

Three oil giants suffered separate blows in one day, marking what one analyst called “the start of a new era” for the industry.

www.huffpost.com